Ether / USD may fall to 2359 - 2390

Our pivot point is at 2517.

Our preference

The downside prevails as long as 2517 is resistance.

Alternative scenario

Above 2517, look for 2570 and 2602.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2507 and 2496).

Supports and resistances

2602 **

2570 *

2517 **

2496

2471 last

2390

2359 **

2327 *

2296 **

Number of asterisks represents the strength of support and resistance levels.